Assessee's Educational Purpose and Profit Motive Reviewed Annually for Exemption u/s 10(23)(iiiad) of Income Tax Act.

Assessee's Educational Purpose and Profit Motive Reviewed Annually for Exemption u/s 10(23)(iiiad) of Income Tax Act. https://www.taxtmi.com/highlights?id=46158 Exemption u/s 10(23) - assessee has multiple objectives, but, carried on only educational activities - functions solely for education and not for profit - Every year, when the claim is made, AO is required to verify whether for that PY, the assessee existed solely for educational activities - eligible to claim exemption u/s 10(23)(iiiad) en-us Mon, 29 Apr 2019 06:14:44 +0530 Mon, 29 Apr 2019 06:14:44 +0530 TaxTMI RSS Generator Assessee's Educational Purpose and Profit Motive Reviewed Annually for Exemption u/s 10(23)(iiiad) of Income Tax Act. https://www.taxtmi.com/highlights?id=46158 Exemption u/s 10(23) - assessee has multiple objectives, but, carried on only educational activities - functions solely for education and not for profit - Every year, when the claim is made, AO is required to verify whether for that PY, the assessee existed solely for educational activities - eligible to claim exemption u/s 10(23)(iiiad) Highlights Income Tax Mon, 29 Apr 2019 06:14:44 +0530 https://www.taxtmi.com/highlights?id=46158